5) How much will be the total amount of remittance to BIR? An analysis of the job time tickets and payroll records showed:No.Job No.MonTuesWedThursFriSat001Supervisor7018.8.8.88.8.0025702227.0037018.470288.8.40047024247038.6.8.500570348704006704476.470542.40077048.705Previous earnings in June (November I- 24)No.00119,210.0016,204.0000200312.814.0000412,706.0012,528.0000500616,102.0000714,538.00 Exercise 4 - 8. PAYROLL PROCEDURES.NN Company operates on a 6-day week, with time and one-quarter for all hours over eightduring the regular days. The time cards for the week ending November 30 showed:Rate/hrP120No.TuesNameJakeTibsMon18Wed8.8.ThursFriSat0010028.8480003Ramon8.8.8.8.9.470004Teddy18.8470005Art8.70006Rene8.8.80007Aga8.4.4.80

It is the amount to be withheld by an employer from an employee, if the employees' annual income…

Answered: NN Company operates on a 6-day week,…

NN Company operates on a 6-day week, with time and one-quarter for all hours over eight during the regular days. The time cards for the week ending November 30 showed:

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter6: Analysing And Journalizing Payroll

Section: Chapter Questions

Problem 1SSQ: The totals from the payroll register of Olt Company for the week of January 25 show: Journalize the...

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Concept explainers

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.

Question

5) How much will be the total amount of remittance to BIR?

An analysis of the job time tickets and payroll records showed:
No.
Job No.
Mon
Tues
Wed
Thurs
Fri
Sat
001
Supervisor
701
8.
8.
8.
8
8.
8.
002
5
702
2
2
7.
003
701
8.
4
702
8
8.
8.
4
004
702
4
2
4
703
8.
6.
8.
5
005
703
4
8
704
006
704
4
7
6.
4
705
4
2.
4
007
704
8.
705
Previous earnings in June (November I- 24)
No.
001
19,210.00
16,204.00
002
003
12.814.00
004
12,706.00
12,528.00
005
006
16,102.00
007
14,538.00

Exercise 4 - 8. PAYROLL PROCEDURES.
NN Company operates on a 6-day week, with time and one-quarter for all hours over eight
during the regular days. The time cards for the week ending November 30 showed:
Rate/hr
P120
No.
Tues
Name
Jake
Tibs
Mon
18
Wed
8.
8.
Thurs
Fri
Sat
001
002
8.
8
4
80
003
Ramon
8.
8.
8.
8.
9.
4
70
004
Teddy
18.
8
4
70
005
Art
8.
70
006
Rene
8.
8.
80
007
Aga
8.
4.
4.
80

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